Welcome to City-Data.com Forum!
U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > U.S. Forums > Florida
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 08-29-2007, 01:35 PM
 
Location: Heartland Florida
9,324 posts, read 26,739,729 times
Reputation: 5038

Advertisements

I was out troubleshooting an installation for one of our installers and had a shock! A friend of a friend who was working as a real estate agent was now working as a waiter in a restaurant! He saw me and was trying to hide! This was so funny to me because I remember visiting my friend and having him criticise my car, and clothes and trying to convince me to take out a mortgage on my property and invest in real estate. Turns out that he was leveraged and the values have dropped to the point that he's over his head and the home in Pinecrest he lives in is in pre-foreclosure. Although I saw him last night, I just contacted my friend who gave me the lowdown. I am thinking about driving by his home, or maybe stopping in for a visit to get some more sound financial advice..LOL!
Reply With Quote Quick reply to this message

 
Old 08-29-2007, 01:56 PM
 
Location: Tampa
3,982 posts, read 10,458,760 times
Reputation: 1200
or, offer to buy it real cheap!
Reply With Quote Quick reply to this message
 
Old 08-29-2007, 02:13 PM
 
2,313 posts, read 3,190,166 times
Reputation: 471
Quote:
Originally Posted by tallrick View Post
I was out troubleshooting an installation for one of our installers and had a shock! A friend of a friend who was working as a real estate agent was now working as a waiter in a restaurant! He saw me and was trying to hide! This was so funny to me because I remember visiting my friend and having him criticise my car, and clothes and trying to convince me to take out a mortgage on my property and invest in real estate. Turns out that he was leveraged and the values have dropped to the point that he's over his head and the home in Pinecrest he lives in is in pre-foreclosure. Although I saw him last night, I just contacted my friend who gave me the lowdown. I am thinking about driving by his home, or maybe stopping in for a visit to get some more sound financial advice..LOL!
I know a few, it is hard not giving them the horse laugh now after the arrogance and know-it-all attitudes they showed when it was so easy to sell to the suckers. Especially the ones who were new to the business and only knew the up market thinking they were such geniuses. Pretty funny now. My neighbors a case in point she can't even pay here sell phone bill now and had her cable TV disconnected. Have no idea how far behind in rent she must be.
Reply With Quote Quick reply to this message
 
Old 08-29-2007, 02:14 PM
 
458 posts, read 598,472 times
Reputation: 136
That story in the St. Pete Times today is classic. A former top realtor sitting in her house with diamonds all over. 11 of her 15 'investments' under water.

And the stories of how sellers used to torture buyers during the boom is another example of what goes around comes around.
Reply With Quote Quick reply to this message
 
Old 08-29-2007, 03:07 PM
 
Location: Jax
8,200 posts, read 35,446,971 times
Reputation: 3442
I know someone, I won't call him a friend, more of an associate, who became a realtor during this boom.

I kind of felt sorry for the guy and I was hoping this would all work out for him. I used to see his big 2-page ads in our local real estate magazines and was happy to see him doing well.

Well, the ads disappeared so I looked him up on the internet.......

Turns out, he bought too much of his own BS and invested in new development homes and lots and now he has multiple foreclosures and tax liens.

This may have been his one shot to set himself up properly in life and now it's all gone . You can give some people a realtor title, but if they couldn't keep their s**t together before, then it's not going to change once they become a realtor.

Tallrick - I cannot believe that guy made fun of your dreambucket! I bet he wishes he had your ride now ! (I'm teasing you.....some guys just have these cars that they love and us ladies can never figure out quite why ).
Reply With Quote Quick reply to this message
 
Old 08-29-2007, 03:09 PM
 
Location: Jax
8,200 posts, read 35,446,971 times
Reputation: 3442
Quote:
Originally Posted by tallrick View Post
I am thinking about driving by his home, or maybe stopping in for a visit to get some more sound financial advice..LOL!
..........or menu recommendations .
Reply With Quote Quick reply to this message
 
Old 08-29-2007, 03:27 PM
 
Location: Heartland Florida
9,324 posts, read 26,739,729 times
Reputation: 5038
A friend's mom is a Realtor and although her business is slow, she is still doing very well. The secret was that she realized that the 2002-2006 boom was temporary and a great opportunity to earn some $$$ and fund her retirement fund. Those who entered the market expecting a lifetime of riches without much work will be sorely disappointed. Although I tend to buy distressed properties direct from owners, the average person NEEDS a competant real estate agent. It will be nice to have a crash to weed out the untalented.

I am losing "equity" myself but it doesn't bother me a bit. The farther that values fall, the more likely I get to stay, hooray!
Reply With Quote Quick reply to this message
 
Old 08-29-2007, 04:03 PM
 
Location: So. Dak.
13,495 posts, read 37,434,568 times
Reputation: 15205
Rick, unfortunately, I also find that a bit funny. It may not be nice, but when someone who's haughty and belitting is brought down, it just reassures us there is a bit of justice in the world every now and then.

It's actually too bad for the guy, but in a way, it may do him a bit of good to eat some humble pie.
Reply With Quote Quick reply to this message
 
Old 08-29-2007, 07:26 PM
SKB
 
Location: WPB
900 posts, read 3,497,513 times
Reputation: 331
I have always believed in living within your means and saving for a rainy day. It looks like the rain is really coming down hard now all across the USA with ground 0 being Florida.
Things are finally getting interesting, I wonder what happened to NYChiefsFan have not seen him around.
Reply With Quote Quick reply to this message
 
Old 08-29-2007, 07:32 PM
 
458 posts, read 598,472 times
Reputation: 136
I was wondering the same thing. NYChiefsFan used to post some great information.
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:


Settings
X
Data:
Loading data...
Based on 2000-2020 data
Loading data...

123
Hide US histogram


Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > U.S. Forums > Florida
View detailed profiles of:

All times are GMT -6. The time now is 11:09 PM.

© 2005-2024, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37 - Top